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|Clinic poised to receive foundation money|
Living Well Foundation is preparing to appropriate more than $100,000 for the Northeast Louisiana Virtual Clinic.
Living Well Foundation president and chief executive officer Dr. Jan Corder said once an agreement with the clinic is signed the foundation would issue the first check in the amount of $112,360.
In order for the virtual clinic to receive funding from the foundation, the clinic was required to obtain a 501(c)3 status from Internal Revenue Service, Corder said.
"They applied for non-profit status through the Internal Revenue Service and got it," Corder said. "Now they have a community board, and as soon as we get the grant agreement signed, they will have to hire an executive director to put everything in place."
Corder anticipates the grant agreement will be finalized by the end of July.
Living Well Foundation's intent is to fund the virtual clinic for up to three years. The fiscal year 2010 budget calls for the foundation to provide $106,215 for the virtual clinic's operations.
An amount for fiscal year 2011 has not been determined. Foundation officials want the "virtual clinic board to indicate how money will be raised from other sources to begin decreasing the amount" required by the foundation.
Local officials originally hoped the virtual clinic would be up and running by early 2009. However, the Northeast Louisiana Virtual Clinic only recently obtained non-profit status.
"We can only make grants to non-profits and educational facilities," Corder said.
The virtual clinic is a project Living Well Foundation has wanted in the eight-parish region the foundation serves. The foundation's funding is derived from interest income it earns on monies the foundation received from the sale of Glenwood Regional Medical Center. The foundation was established as a result of the sale of Glenwood, which was a publicly owned medical center.
The goal of the virtual clinic is to provide healthcare for people in the eight-parish region who are considered the "working uninsured."
Patients who are eligible to get medical assistance from Northeast Louisiana Virtual Clinic can see a doctor and dentist for six months. After six months, patients have the option to renew a six-month contract with doctors. Dentists say they will only need six months to repair a patient's dental problems.
All medical assistance and dental work will be free.